Cooling Inflation Likely Ends Fed Rate Hikes - The Wall Street Journal

Consumers saw inflation cool in October after gasoline prices fell and underlying price pressures eased. The report suggests the Fed is likely done raising interest rates. Photo: Brandon Bell/Getty Images

A broad slowdown in inflation continued in October, likely ending the Federal Reserve’s

historic interest-rate increases.

Consumer prices overall were flat last month and rose 3.2% from a year earlier, a slower pace than in September as prices for gasoline fell, the Labor Department said Tuesday.

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Cooling Inflation Likely Ends Fed Rate Hikes - The Wall Street Journal

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